Kotak Mahindra Bank Limited v. Zapadiya Dhirabhai Harjibhai S/O Harjibhai
Case brief
What is this about?
Bombay HC (OOCJ); Abhay Ahuja, J.; decided 06-04-2026; IA 465/2025 in Execution Application 2119/2025; Kotak Mahindra Bank Ltd v Zapadiya Dhirabhai Harjibhai & another; unilateral appointment of arbitrator void ab initio; ineligibility raisable at any stage incl. execution; award dated 17-02-2014 set aside; execution application and interim application dismissed; fresh arbitration permitted; limitation exclusion from invocation till order date; liberty re Section 12(5) written waiver; Bhadra International (India) Pvt. Ltd. v Airports Authority of India, 2026 SCC Online SC 7, applied.
What did the court decide?
Award dated 17th February 2014 set aside; Execution Application No. 2119 of 2025 and the connected Interim Application No. 465 of 2025 dismissed; parties permitted to initiate fresh arbitration proceedings with the period from invocation of arbitration till the date of the order excluded for limitation; liberty to apply in respect of any express written waiver under Section 12(5) of the said Act.